India Youngest Billionaires in 2023
India, known for its dynamic economy and diverse business landscape, is home to some of the youngest billionaires in the world. In 2023, these entrepreneurs have made a significant impact in various industries, from technology to healthcare. Here’s a look at the top 10 youngest billionaires in India.
1. Nikhil Kamath
Nikhil Kamath co-founded Zerodha, a revolutionary Bangalore-based discount brokerage, in 2010 with his brother Nithin Kamath. He disrupted the Indian brokerage market and also runs Rainmatter and True Beacon. Nikhil’s strategic vision led to Zerodha’s valuation surpassing $1 billion in 2021, making him one of India’s youngest self-made billionaires.
- Age: 37
- Net Worth: $1.1 Billion
2. Binny Bansal
Binny Bansal, the co-founder of Flipkart, one of India’s largest e-commerce companies, began his journey in 2007. Under his leadership, Flipkart expanded beyond books into a comprehensive online marketplace. His billionaire status was cemented when Walmart acquired a significant stake in Flipkart in 2018.
- Age: 40
- Net Worth: $1.4 Billion
3. Sachin Bansal
Sachin Bansal, along with Binny Bansal, created Flipkart, transforming it into a major online marketplace. He sold his stake in Flipkart following Walmart’s significant investment. Currently, he heads Navi Technologies, focusing on financial services for the middle class.
- Age: 42
- Net Worth: $1.3 Billion
4. Nithin Kamath
Nithin Kamath, alongside his brother Nikhil, co-founded Zerodha, a leading discount brokerage in India. His strategic leadership has grown Zerodha to become one of the largest brokerage firms in the country, serving millions of clients.
- Age: 44
- Net Worth: $2.7 Billion
5. Vijay Shekhar Sharma
Vijay Shekhar Sharma, the founder of Paytm, is a notable figure in the Indian fintech industry. His vision and leadership have made Paytm a leading digital payment and financial services platform in India.
- Age: 45
- Net Worth: $1 Billion
6. Shamsheer Vayalil
Dr. Shamsheer Vayalil founded Burjeel Holdings, a significant healthcare network in the Middle East. He has been instrumental in its expansion, establishing 16 hospitals and 24 medical centres. The company’s public listing in 2022 significantly raised its net worth.
- Age: 46
- Net Worth: $3.6 Billion
7. Ravi Modi
Ravi Modi, the founder of Manyavar, a renowned ethnic wear brand, started his business in 1999. His strategic expansion has led to hundreds of stores across India and internationally, making Manyavar a household name.
- Age: 46
- Net Worth: $3.3 Billion
Data in Table Format:
| Rank | Name | Net Worth | Age | Source of Wealth |
|---|---|---|---|---|
| 1 | Nikhil Kamath | $1.1 B | 37 | Zerodha |
| 2 | Binny Bansal | $1.4 B | 40 | Flipkart |
| 3 | Sachin Bansal | $1.3 B | 42 | Flipkart |
| 4 | Nithin Kamath | $2.7 B | 44 | Zerodha |
| 5 | Vijay Shekhar | $1.0 B | 45 | Paytm |
| 6 | Shamsheer Vayalil | $3.6 B | 46 | Burjeel Holding |
| 7 | Ravi Modi | $3.3 B | 46 | Manyavar |
The journey of these young billionaires in India is a testament to their entrepreneurial spirit and innovative thinking. They have not only created substantial wealth for themselves but also contributed significantly to India’s economic growth and global presence. Their achievements inspire many young entrepreneurs, showing that with determination and hard work, anything is possible.